Kate Spade & Co. (KATE) Misses Q2 EPS by 3c
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Kate Spade & Company Reports Second Quarter 2015 And First Half 2015 Results
August 5, 2015 7:15 AM EDTNEW YORK, Aug. 5, 2015 /PRNewswire/ -- Kate Spade & Company (NYSE: KATE) today announced results for the second quarter ended July 4, 2015.
Net sales for the second quarter of 2015, excluding sales for wind-down operations, were $273 million, an increase of $46 million, or 20.1% compared to the second quarter of 2014, adjusting 2014 net sales for wind-down operations and excluding changes in foreign currency exchange rates and 2015 strategic initiatives. Refer to the table entitled "Reconciliation of Non-GAAP Net Sales Information" for a reconciliation from GAAP results.
Reported net sales for the second quarter of 2015 were $281 million, an increase of $15... More
